EUR/USD

victoriajensen posted:
EUR/USD has formed an inverted hammer candlestick on the weekly time-frame above the support at 1.0500 after its move to the downside last week. A bounce to the upside is possible, but it's unlikely that will occur before the FED interest rate decision announcement later this week.

That up trend looks pretty strong , I wouldn't like to be fighting against it , we could see a rise higher just before this meeting , nothing would surprise me.

EUR/USD is trading steadily above 1.06 as traders and investors anticipate the last FOMC meeting for the year. On Wednesday it would become clear whether the rates are going up. Market volatility is expected to be high.

rosentray posted:
EUR/USD is trading steadily above 1.06 as traders and investors anticipate the last FOMC meeting for the year. On Wednesday it would become clear whether the rates are going up. Market volatility is expected to be high.

I would be shocked if rates do not go up , I think the market is prepared for this already.

The EUR/USD pair jumped to 1.0651 today, which is the highest level since last Thursday. The single currency was boosted by the OPEC matters as the US dollar suffered along with the deal to reduce the global oil glut. Anyway the downward slope remains intact as long as the pair is situated below 1.0850 area.

The new week strated positive for the single currencly and was seen elevated against the US dollar on Monday session. There is slight chance for the EUR/USD pair to bounce higher. The intraday support is seen at 1.513 and 1.0452. Resistance is located at 1.0873 and higehr at 1.0925.

The US dollar has come to a halt due to consolidation ahead of the FOMC Minutes tomorrow. The pair is now 1.0636 and as it appears, it will continue to trade in the range of 1.0670 - 1.0550.

Yesterday the EURUSD rose with a wide range, while engulfing the Friday’s candle, and closed near the high of the day, in addition managed to close above Fridays high, which suggests a strong bullish momentum.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0644 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).

Until FOMC tomorrow I expect the pair to move in a range of not more than 70 pips with very low volatility. Will watch for 1.0522 support and 1.0652 resistance. The daily chart shows an overall bearish sentiment, though.

EUR/USD is still testing the resistance at 1.0650. A breakout above that level will likely lead to a further move to the upside towards 1.0700.

EUR/USD is consolidating towards 1.0646 level as market participants await on the latest FOMC meeting scheduled for 2pm eastern. The market reaction might be volatile and unexpected.

As FOMC is on focus now, the EUR/USD pair is attempting to recover and is testing the 1.06 level. In the morning hours the pair reached high at 1.0644. Expecting further advance and test of the resistance at 1.0670 area.

Yesterday the EURUSD went back and forward without any clear direction but closed in the red, near the low of the day, in addition managed to close within previous day range, which suggests being slightly on the bearish side of neutral as the market waits for todays Fed interest rate decision.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0641 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).

EUR/USD continues consolidating under the resistance at 1.0650. I don't expect a breakout before the FED interest rate announcement later today and I have decided to close all my positions and wait for the news.

A day before the announcement of the lifting of the US base rate by the Fed, the dollar marked a slight increase against most currencies.
EUR/USD recorded a slight decline from the previous session, although the euro was trading at higher levels during the day and closed at 1.0625.

Key levels to watch for:
Support: 1.0513; 1.0452;
Resistance: 1.0873; 1.0925.

The US Federal Reserve raised its key rate to a range of 0,50-0,75 per cent per annum, and said that it is waiting for three increases in 2017.
By 20.50 GMT EUR/USD fell by 170 pips to 1,0500.

The euro lost ground against the USdollar on Wednesday session. Fed’s meeting reverse course in favor of the US currency. As a result, the EUR/USD pair broke first support at 1.0513. Support is seen at 1.0513 and lowet at 1.0452. Resistance is located at 1.0873 and 1.0925.

FED raised rates for the second time in a decade in yesterday's FOMC meeting. FED Chair Janet Yellen announced that the interest rate goes up with 0.25 basis points. The equity market didn't like the news and fell, while the EUR/USD went below 1.05. First support zone is seen at 1.0450.

Yesterday, after the Fed interest rate hike, the EURUSD fell with a wide range closed near the low of the day, in addition managed to close below previous day low, which suggests a strong bearish momentum.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0627 (resistance), a daily resistance at 1.0622, and the all-time low at 1.0462 (support).